[Contagion] SHOW ME THE MONEY! Some Evergrande investors have yet to receive their coupon payment 30 days after if was due.

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by laflammaster

Some China Evergrande Group bondholders have not received overdue coupon payments after the end of a month-long grace period, putting the world’s most indebted property developer on the brink of its first default on offshore notes. S&P Global Ratings said default “looks inevitable.”

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A group of Kaisa Group Holdings Ltd. bondholders have sent the beleaguered property firm a formal forbearance proposal, which may buy some time and help it avoid a default on $400 million dollar bonds due Tuesday.

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www.bloomberg.com/news/articles/2021-12-07/coupon-deadlines-near-kaisa-deferral-offer-evergrande-update

www.reuters.com/world/china/developer-china-evergrandes-shares-set-rise-66-restructuring-looms-2021-12-07/

finance.yahoo.com/news/explainer-whats-next-china-evergrande-064158066.html

 

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